Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ net migration loss slows in 2012, despite Aussie lure

NZ net migration loss slows in 2012, despite Australia's lure for locals

Feb. 1 (BusinessDesk) - New Zealand's net migration loss slowed last year, despite the lure of a brighter future across the Tasman which continued to attract kiwis.

The country reported a net outflow of migrants for a second calendar year, with annual net migration of negative 1,165 in 2012 from 1,855 in 2011, according to Statistics New Zealand. The slowdown came against a backdrop of some 38,800 more people jumping across the Tasman to Australia, even as the mining boom starts winding down. The UK, China and India provided a net inflow of more than 15,000 people.

"Net immigration was weaker than expected in December, breaking a three month run of positive inflows," said Westpac Banking economist Felix Delbruck in a note. "It's too soon to say if the recent improving trend has stalled - this may just be monthly volatility."

Today's figures also showed flat visitor arrival numbers, with the number of short-term visitors falling 0.1 percent to 364,000 in December and down 1.4 percent to 2.56 million on an annual basis. The number of Chinese visitors climbed 35 percent on the year, with Asian arrivals up 11 percent to 511,000.

European visitors fell an annual 14 percent to 406,000, while Australian arrivals were flat on the year at 1.16 million.

The figures also showed more New Zealanders were taking advantage of the strong kiwi dollar, with more overseas trips. International trips by locals rose 4 percent to 2.17 million in 2012, with the biggest increase in the number of travellers heading to the US. The kiwi recently traded at 83.90 US cents.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Inequality: Top 10% Of Housholds Have Half Of Total Net Worth

The average New Zealand household was worth $289,000 in the year to June 2015, Statistics New Zealand said today. However wealth was not evenly distributed, with the top 10 percent accounting for around half of total wealth. In contrast, the bottom 40 percent held 3 percent of total wealth. More>>

ALSO:

What Winter? Temperature Records Set For June 20-22

The days around the winter soltice produced a number of notably warm tempertaures. More>>

Conservation Deal: New Kākāpō Recovery Partnership Welcomed

Conservation Minister Maggie Barry says the new kakapo recovery partnership between DOC and Meridian Energy is great news for efforts to save one of New Zealand’s most beloved birds. More>>

ALSO:

Tech Sector Report: Joyce Warns Asian Tech Investors View NZ As Hobbits And Food

Speaking in Wellington at the launch of a report showcasing the value of the technology sector to the New Zealand economy, Joyce said more had to be done to tell the country's technology stories overseas. More>>

ALSO:

Mediaglommeration: APN Gets OIO Approval For Demerger Plan

APN News & Media has received Overseas Investment Office approval for its plan to split out its NZME unit ahead of a potential merger with rival Fairfax Media's New Zealand operations. More>>

New Paper: Ninety-Day Trial Period Has No Impact On Firms' Hiring

The introduction of a 90-day trial period has had no impact on hiring by New Zealand companies although they are now in widespread use, according to researchers at Motu Economic and Public Policy Research. More>>

ALSO:

Corrections: Serco Exits Equity Stake, Remains As Operator

Serco has sold its equity stake in the company that holds the contract to design, build and run Wiri Prison in South Auckland but continues as sub-contractor to operate the facility. More>>

GDP: NZ Economy Grows Faster-Than-Forecast 0.7%

New Zealand's economy grew at a faster pace than expected in the first quarter of 2016 as construction expanded at the quickest rate in two years. The kiwi dollar jumped after the data was released. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news